Overview
- Morgan Stanley’s Joseph Moore lifted his Nvidia price target to $250 and kept an Overweight rating after checks suggested sustained demand through Blackwell and the planned Rubin ramp.
- U.S. senators introduced the SAFE CHIPS Act to lock in restrictions on advanced AI semiconductor sales to China, Russia, Iran and North Korea, according to Reuters.
- Nvidia posted $57 billion in Q3 FY2026 revenue, including $51.2 billion from data centers, with gross margin near 73%, highlighting strong profitability.
- CEO Jensen Huang cited roughly $500 billion in orders to be filled over six quarters as cloud providers remain sold out of Nvidia hardware.
- The company holds an estimated 92% share of data-center GPUs and a roughly $4.4 trillion market value, though its heavy data-center reliance heightens risk if AI spending slows.